Deutsche Telekom shares on record: Investors celebrate price gains!

Deutsche Telekom shares on record: Investors celebrate price gains!

On Thursday afternoon, Deutsche Telekom experienced an impressive share price rise that left investors elated. The share rose by a whopping 3.5 percent in XETRA trading and reached a price of EUR 28.82. This marks the highest level in a year, after the share previously opened at EUR 28.70. Loud finance.net An impressive volume of over 4.4 million shares has been traded in trading so far.

The Deutsche Telekom share even reached a daily high of EUR 29.11 in the afternoon, just 1.01 percent away from the 52-week high. In comparison, the 52-week low was EUR 20.73, which the share marked in April 2024. These share price gains are particularly notable as they indicate positive market sentiment and increase investor confidence in the company's future.

Strong quarterly figures and positive forecasts

The positive development of the share is underpinned by the latest quarterly figures. On August 8, 2024, Deutsche Telekom presented its results for the second quarter, which ended on June 30. Earnings per share rose to EUR 0.42, compared to EUR 0.39 in the previous year. Sales also increased by 3.04 percent to EUR 28.39 billion, which further strengthened confidence in business development.

For the current year, experts expect a dividend of EUR 0.877 per share, which represents an increase compared to EUR 0.770 in the previous year. The analysts have set the price target for Deutsche Telekom at an average of EUR 34.21, which indicates further growth. This positive outlook is another reason why the stock rose so strongly on Thursday.

Market reactions and investor sentiment

The mood on the markets is positive overall, which is also reflected in the STOXX 50, which is also in positive territory. Investors appear optimistic about the future development of the telecommunications industry. Deutsche Telekom has established itself as a stable player in a rapidly changing market, which is reflected in the current price movements.

In summary, Deutsche Telekom posted an impressive share price increase on Thursday afternoon, supported by both strong quarterly figures and positive market forecasts. Investors can look forward to what lies ahead, particularly the fourth quarter results, which are scheduled to be released on February 26, 2025 finance.net reported. Deutsche Telekom remains a hot topic on the stock market, and current developments show that the company is on the right track.